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Gorse Road, Thorpe St. Andrew, Norwich NR7 - Image 1
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Gorse Road, Thorpe St. Andrew, Norwich NR7

East of England

£240,000

Listed on 19/06/2026

Property Details

Bedrooms
2
Type
Semi Detached Bungalow
Area
672 sqft

Description

This semi-detached bungalow, located within a desirable suburb of Norwich, presents a unique opportunity for renovation and investment. Currently configured as a two-bedroom property, it has the potential to be transformed back into a three-bedroom home by reinstating the previously converted third bedroom. Inside, the welcoming hallway leads to two well-proportioned bedrooms, with the main bedroom benefiting from a large bay window that enhances its natural light. The spacious sitting room features French doors that open onto a generously sized rear garden, providing an ideal setting for outdoor living or possible extension (subject to planning). The family/dining room offers versatility and could easily serve as an additional bedroom or entertainment space. Though the kitchen is fully fitted with essential appliances and adequate worktop space, modernisation would elevate its functionality. A utility space and refitted shower room are conveniently located at the end of the hallway. The property is complemented by a sizeable driveway accommodating multiple vehicles and an enclosed rear garden adorned with mature plantings, further enhancing its appeal for renovation. With local amenities and easy access to Norwich city centre nearby, this property is not only lively in character but also holds significant potential for those looking to invest in their future.

Investment Analysis

(NR7 area)

Above Market Value

This property is priced +13.6% above area average per sq ft

+13.6%
This Property
£357/sq ft
Area Average
£314/sq ft
Avg Rent (weekly)
£274
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£232,368
10% above area average per sq ft
Potential ROI
-15.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (NR7)

Area prices are rising by +3.4% over the last 12 months
3 year growth: -1.1%
5 year growth: +15.7%
Investment Disclaimer: Analysis based on NR7 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Gorse Road, Thorpe St. Andrew, Norwich NR7
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£907
Based on a loan of £180,000 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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